Management Marketing

Samuel Snick Meyers

***** ********** *** – Apt. *802 210-***-****

San Antonio, TX 78258 www.linkedin.com/in/SnickMeyers *.***********@*****.***

Profile: Senior Executive

Outstanding track record of leading business transformations, setting strategic direction, and shifting paradigms in industries and corporations.

Accomplished executive and change agent with distinguished career in electric utility asset optimization and energy supply/marketing/trading. Expert in creating strategic vision, integrating transformational change, turning companies around into profitable enterprises, and driving financial performance to exceed expectations and targets.

Background includes C-level and executive roles overseeing commercial energy decisions at Ontario Power Generation, DTE Energy Trading, Entergy Power Marketing, The Permian Corporation and Shearson Lehman Commercial Corporation.

Entrusted with full P&L responsibilities for amounts exceeding six billion dollars in annual revenue. Responsibilities included all system interface with Accounting; all system interface with Risk Management; all budget preparation, monitoring, and Board presentation.

Deep knowledge of energy trading and risk management in the US and internationally complemented with a strong understanding of financial operations, physical logistics and regulatory requirements, business planning, forward curve development and price forecasting, and trading floor dynamics. Experienced working with commercial and operational stakeholders across product lines and geographies.

Strong leadership. Proven success establishing and growing businesses from single employees to profitable multibillion-dollar corporate entities: DTE Energy Trading, Entergy Power Marketing, and Shearson Lehman Commercial Corporation.

Exceptional team builder. Skilled in building high performance, loyal teams of top industry talent. Equip and empower staff, provide career development opportunities, and create collaborative, accountable environments.

Areas of Expertise Include:

Strategy, Planning & Execution Turnaround & Change Management Infrastructure Development

Operations Management Corporate Risk Management Business Development

Financial / P&L Management Staff Recruitment, Hiring & Retention Start-up Operations

Professional Experience

SNICK MEYERS, ENERGY TRADING CONSULTANT; Boerne, TX April 2013 - Present

President

I returned to my knowledge base of energy trading, marketing, and management, by establishing a consulting company to service the needs of my industry contacts. My energy knowledge and expertise have been sought out by state- owned companies from the U.A.E. and Canada; and multiple energy trading companies from the crude oil and electricity markets. I have provided a variety of services to these clients ranging from trading room location and design, energy procurement and forward curve analytics, trader talent evaluation prior to hiring, and confidential investigations of corporate risk policy violations.

ENTRPRENEUR May 2005-April 2013 During these years, I managed my investments, speculated on real estate, both residential and commercial, and bought and sold a construction company of 60 FTE’s and $6 M in annual revenues.

ONTARIO POWER GENERATION CORP.; Toronto, ON, Canada February 2001_November 2004

Senior Vice President – Portfolio, Fuels, and Trading

P&L responsibility for $6B in annual revenues

Recruited by former DTE Energy Trading customer to restructure entire commercial area. Directed procurement and transportation of 20M tons of coal, 25 BCF of natural gas, and 2M barrels of residual fuel oil annually. Held full responsibility for all generation outage maintenance planning/coordinating; hourly and daily generation dispatch decisions, bidding strategies, general emissions management, wholesale/retail power hedging and speculative trading decisions. Supervised structured product development, forward curve modeling, and price forecasting activities. Managed $25M annual capital projects budget. Liaised with senior management, logistics, operations and commercial trading teams on day-to-day operations. Reported regularly on business updates and activities. Led management team of four VPs, with responsibility for staff of 275 FTEs and 24 PTEs. Served on Corporate Risk Oversight Committee.

Key Achievements:

Implemented all commercial and reliability management decisions for 22K MW power generation portfolio, third largest fleet in North America at that time, with $6B in annual revenues and $1.2B+ EBIT.

OPG executive having full responsibility in spearheading the May 1, 2002 opening of the Province of Ontario to deregulated electricity pricing. My departments at OPG led the successful transition of the Province in deregulation that met all financial and informational targets and specifications by managing $40M, two-year project. This included establishing and operating the beta test site for system and software integration; conducting multiple presentations and demonstrations to the provincial electric providers, as well as, the participants located outside of the Province.

Achieved 174% of 2002 business plan target with $238M additional incremental profits. This performance encompassed a 265% year-over-year improvement in coal profits representing $166M increase by renegotiating coal procurement, renegotiating all coal rail and barge transportation contracts, streamlining company’s existing operational inefficiencies, and making strategic trading decisions regarding usage of natural gas versus residual fuel oil during the winter of 2002.

Lowered company expenses, while meeting union raise requirements by negotiating successful union agreements with Society of Energy Professionals and Power Workers Union that included reduction in force.

DTE ENERGY TRADING, INC.; Ann Arbor, MI December 1996 – January 2001

President and COO

P&L responsibility $3B in annual revenues

I was specifically recruited by the regulated utility, Detroit Edison, to establish their unregulated power marketing entity. As the founder and sole employee of the enterprise, my responsibilities entailed all steps necessary from tariff acquisition; to building space selection and leasing; through floor design and build-out; risk policy/procedure development and approval; selection and installation of risk operating system; benefits/compensation planning, and all talent acquisition necessary to assure the successful outcome. I led a management team of four VPs and provided oversight for 75 FTEs. I served on the Corporate Risk Management Committee.

Key Achievements:

Orchestrated successful paradigm shift in corporate mindsets and successfully obtained Board approval for power marketing business plan, power marketing tariff status, and parent company approval for business and compensation plans.

Launched and grew company from single employee to 75 FTEs, $3B in annual revenues, and $80M in profit in less than five years.

Achieved profit target two years ahead of business plan through expert organizational skills, selective hiring, accelerated build schedule, and efficient, effective operational ramp-up.

Positioned company as industry leader in business integrity and operations by instituting robust, disciplined practices and risk policies, risk procedures, and risk management systems.

Enabled profitable, sustainable operations for three unregulated sister subsidiaries by designing commercial integration strategy to off-take capacity on new generation, increase coal sales via tolling, source electric power, and guarantee shape of load for retail sales.

Executed largest single buy/sell transaction in history of both Ontario Power and Detroit Edison, incremental forward energy sale of 30 TWHrs that netted $70M over spot market prices.

Positioned company as one of three top ten power marketing companies that continued to exist after downfall of Enron by implementing robust practices, and instituting strong internal controls.

Sought out as subject matter expert (SME) to deliver seminar and conference presentations on transitioning from regulated to deregulated industries.

ENTERGY POWER MARKETING, INC.; Little Rock, AR; The Woodlands, TX November 1994 – November 1996

(Entergy is the holding company for Arkansas Power & Light, Mississippi Power & Light, Alabama Power & light, Gulf States Utilities, and New Orleans Public Service)

Director of Trading

P&L responsibility $1.2B in annual revenues

I was recruited to start Entergy’s unregulated power marketing subsidiary. Established and launched deregulated subsidiary of regulated utility from ground up to fully operational status. Directed all aspects of start-up including leasing space, designing trading floor, managing build-out, developing risk management policies and procedures, staffing operation, creating benefits and compensation plans, and implementing operating systems. Managed 800MW of unregulated power generation including fuel supply and power marketing. Led team of ~40 direct reports.

Key Achievements:

Secured approval for power marketing business plan and obtained power marketing tariff status.

Transformed corporate mindset and paradigm from guaranteed 3% regulated margin to competitive environment as nation’s first utility to implement corporate risk policies, procedures, and risk management software for asset protection and profitability.

Achieved profitability in first year of operation by leveraging expert organizational skills, hiring right people, accelerating build schedule, ramping up operations, and injecting discipline into organization.

Recognized in industry as SME in transition from regulated to deregulated business and frequently solicited to speak at industry seminars and conferences.

BLACK GOLD ENERGY TRADING INC.; Houston, TX 1991 – 1994

President / CEO

P&L responsibility of $55M in annual revenues

Being viewed as an “expert” in oil trading, I was sponsored by a clearing member of the NYMEX and attained status of a registered Commodity Trade Advisor (C.T.A.) for the Commodity Futures Trading Commission. I actively managed institutional funds with revenues of approximately $55M/yr. in the US energy futures market traded on the NYMEX exchange.

THE PERMIAN CORPORATION.; Houston, TX 1990 – 1991

Vice President of Crude Oil Trading

P&L responsibility of $1.9B in annual revenues

Hired to restructure the commercial enterprises of a 150,000 bbl/day pipeline/ trucking, oil gathering and supply company. My key objective was to integrate Crude Oil Futures Contract dimensions into an existing physical Oil Market Portfolio, thereby, changing the entire pricing mechanism.

Developed and installed new Inventory Hedging Strategies to existing oil inventory practices.

Established Index Pricing Techniques from the crude oil futures contract to the physical Lease Crude Purchases Contract.

Successfully turned the company around by posting a $45M profit in the first year of the new pricing venue.

Active member of the Company Steering Committee formed to sell Permian when a hostile takeover of the Parent company took place.

A division of Ashland Oil Corporation, Scurlock Oil, acquired Permian for $265M.

SHEARSON LEHMAN COMMERCIAL CORPORATION; New York City, NY 1987-1990

Vice President of Trading

P&L responsibility of $750M in annual revenues

Founded and established the Proprietary Oil Trading Department for a major Wall Street Investment Bank. Accountable for all Energy Trading Decisions and Risk Management Control of all Corporate Oil Trading accounts. Breadth of Oil Trading activities included Foreign and Domestic Physical Crude Oil and Oil Futures contracts in US NYMEX exchange and Brent Oil Futures contracts in the London IPE Exchange.

PVM OIL ASSOCIATES; Houston, TX

(PVM office locations: New York City, Houston, Long Beach, Tokyo, and London).

Senior Oil Broker

P&L responsibility of $540M of transaction value (Houston office only)

I was hired to restructure the Domestic Oil department for the largest Physical oil brokerage firm in the World. I became the single point of contact for all Domestic Oil purchases and sales; for all Domestic Oil quality exchanges; and for all Foreign Oil for Domestic Oil exchanges. During my tenure, I increased the Domestic volume throughput by 138%; increased the number of customers by 45%.

ADDITIONAL EXPERIENCE IN CRUDE OIL TRADING/SUPPLY

West Texas Marketing Corporation – Senior Vice President

Texas Oil & Gas Corporation (TXO Oil Company) – Director of Crude Oil Trading

Anadarko Petroleum Corporation – Manager of Crude Oil Sales

Continental Pipeline Company (Conoco) – Administrative Specialist

Education

OKLAHOMA STATE UNIVERSITY

Bachelor of Science in Business Administration

Minor in Economics and Marketing

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